AUSTRAC Puts CryptoLink on Notice After Finding ‘Weaknesses’ in AML Framework
Australian monetary intelligence company, AUSTRAC, has slapped a AU$56,340 high quality (US$37,085) on crypto ATM operator CryptoHyperlink on Thursday. The motion comes after the regulator’s Crypto Taskforce, established final yr, discovered late reporting of enormous money transactions and “weaknesses” in CryptoHyperlink’s AML guidelines. AUSTRAC has despatched an infringement notice to the crypto agency, to verify…
